"We are excited to partner with ZipLoan in their pursuit to revolutionise lending to small business owners. It is our endeavour at Stride to make credit accessible and efficient, as we try to prevent equity dilution and make entrepreneurs truly 'Aatmanirbhar'," Stride Ventures founder and Managing Partner Ishpreet Gandhi said.
Gandhi added that the company has exhibited tremendous growth without compromising the quality of the loan book.
Kshitij Puri, co-founder and CEO of ZipLoan, said the MSME segment is the most important contributor to India's economy, but still continues to be credit-starved.
"Even during the current crisis, the MSME segment has shown great resilience demonstrated by strong collections we have had," he added.
Venture capital firm Stride Ventures launched its maiden fund in 2019 with a target corpus of Rs 500 crore and plans to invest in 35-40 start-ups over the next 3 years.
Till date, ZipLoan has disbursed about Rs 400 crore of loans across 10,000 borrowers. It is present in Delhi-NCR, Mumbai, Indore, Jaipur, Lucknow and Dehradun.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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